Originally Posted by
golfandfly
I have to say I’m intrigued with the flat dollar plan. I’d like to know more about it. As you know, it’s been difficult for us to see improved A plan gains, but you guys have been able to get nice improvements. Your 30 year Capt plan pays more than our max pension now (25 year).
I’m told that flat dollar somehow lowers pension liability for the company. It might be a possibility for us. I’ve heard the big negative is that it has to be re-negotiated every contract. To me, that’s not a big deal. We negotiate pay and benefits every contract, so I just don’t see why it’s a show stopper. I think this could be a viable, achievable plan. It’s a very simple plan...
The IPA plan pays more than the FDX plan only if:
1. You are a captain when retiring
2. You have an extra five years accrued (it takes five more years than FDX)
3. You retire after January 2023.
This is probably why they’ve been able to negotiate increases each time. They have been behind FDX’s plan and continue to be even after 1/23 because it takes 30 years rather than 25. So it’s easier for them to point out ours and make the argument to their management that theirs needs to be improved.